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Sugar Prices Pressured by Weakness in Crude Oil and the Brazilian Real
Yahoo Finance· 2025-10-10 18:28
March NY world sugar #11 (SBH26) on Friday closed down -0.16 (-0.98%), and December London ICE white sugar #5 (SWZ25) closed down -0.70 (-0.16%). Sugar prices settled lower on Friday, with NY sugar posting a 2.5-week low. Weakness in crude oil (CLX25) and the Brazilian Real (^USDBRL) are weighing on sugar prices. WTI crude sank more than -4% to a 5-month low on Friday, and the real tumbled to a 2-month low against the dollar. Weakness in crude prices undercuts ethanol prices and may prompt the world's ...
Sugar Prices Knocked Lower by Projections for a Global Sugar Surplus
Yahoo Finance· 2025-10-07 16:25
March NY world sugar #11 (SBH26) today is down -0.35 (-2.08%), and December London ICE white sugar #5 (SWZ25) is down -9.40 (-2.02%). Sugar prices gave up an early advance today and turned lower, with NY sugar falling from a 1.75-month nearest-futures high. Sugar prices retreated after Covrig Analytics projected a +4.1 MMT global sugar surplus for the 2025/26 season. More News from Barchart NY sugar initially climbed to a 1.75-month high today on signs of lower sugar content from this year's Brazil sug ...
A fourth-generation heir’s bold pivot—from sugar to bioplastics
MINT· 2025-10-03 03:30
As Balrampur Chini Mills Ltd, a 50-year-old sugar producer in Uttar Pradesh, builds its first bioplastic plant, the company’s fourth-generation promoter already has ideas on how to further diversify beyond its sugar and ethanol business. Avantika Saraogi, an executive director on the board of BCML, is betting on diversifying into biochemicals and other organic materials in the face of growing environmental concerns. Her plans have an unusual moat—the company’s direct connection to over 550,000 sugarcane far ...
Sugar Rallies on Dollar Weakness and Strong Demand from Pakistan
Yahoo Finance· 2025-09-30 16:29
October NY world sugar #11 (SBV25) today is up +0.15 (+0.94%), and December London ICE white sugar #5 (SWZ25) is up +6.50 (+1.41%). Sugar prices are moving sharply higher today, with NY sugar posting a 4-week high and London sugar climbing to a 1.5-week high. Today's dollar weakness (DXY00) is supportive for sugar prices, along with signs of stronger global demand, as Pakistan has placed orders for a total of 320,000 MT of sugar for immediate delivery. More News from Barchart Last Tuesday, NY sugar po ...
Strength in Crude Oil Boosts NY Sugar Prices
Yahoo Finance· 2025-09-26 16:24
October NY world sugar #11 (SBV25) today is up +0.11 (+0.70%), and December London ICE white sugar #5 (SWZ25) is down -1.20 (-0.26%). Sugar prices today are mixed, with NY sugar climbing to a 1.5-week high. Strength in crude prices has sparked some short covering in sugar futures as WTI crude (CLX25) rallied to a 1.75-month high today. Higher crude prices benefit ethanol prices and may prompt global sugar mills to divert more cane crushing to ethanol production rather than sugar, thereby curbing sugar s ...
Sugar Prices Recover as Crude Oil Strength Spurs Short Covering
Yahoo Finance· 2025-09-23 16:30
October NY world sugar #11 (SBV25) today is up +0.23 (+1.51%), and December London ICE white sugar #5 (SWZ25) is up +8.40 (+1.86%). Sugar prices recovered from early losses today and moved sharply higher after a +2% rally in crude oil prices (CLX25) sparked short covering in sugar futures. Stronger crude prices benefit ethanol prices and could prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies. More News from Barchart Sugar pr ...
"Double the Sweetness" - A New Chapter for Guangxi's Sugar Industry
Globenewswire· 2025-08-28 06:40
Industry Overview - The Guangxi Zhuang Autonomous Region is recognized as a "kingdom of sugarcane" with a sugarcane planting area of 11.35 million mu (approximately 756,667 hectares) during the 2024/2025 crushing season, marking an increase of 110,000 mu year-on-year [1] - The sugar output in the region exceeded 6.4 million tons, maintaining a 60% share of China's total sugar output for 20 consecutive crushing seasons [1][3] Company Developments - Guangxi Sungain Sugar Industry Group Co., Ltd. has significantly increased its daily sugarcane processing capacity during the 2024/2025 crushing season by implementing the "Eucalyptus Out, Sugarcane In" strategy and full-process mechanized planting [2] - The company is accelerating the "Second Entrepreneurship and Second Development" strategy to establish a benchmark for green, efficient, and clustered diversified industrialization, contributing to local sustainable economic and social development [2] Transformation and Upgrading - Guangxi's sugar industry is undergoing transformation towards high-quality development characterized by "technology + scale + green development," shifting from traditional sugar refining to intelligent processing [3] - The industry has expanded its industrial chain with new formats such as bagasse power generation and deep processing of sugarcane by-products, ensuring supply, stabilizing the market, and enhancing exports [3]
New Chapter of "Sweet Industry" -- Chronicle of High-Quality Development of Guangxi's Sugar Industry
Globenewswire· 2025-08-27 09:48
Industry Overview - Guangxi Zhuang Autonomous Region is the largest base for sugarcane cultivation and sugar production in China, accounting for over 60% of the country's total sugar output [1][3] - The sugar industry in Guangxi has significantly improved agricultural benefits and provided stable income for farmers in sugarcane-growing areas [3] Company Profile - Guangxi Sungain Sugar Industry Group Co., Ltd. is one of the top 10 sugar enterprises in Guangxi, focusing on sugarcane sugar production and diversified industrial investments [2] - Sungain Group has established a large-scale sugarcane planting base and has successfully achieved a diversified development layout [2] Economic and Social Impact - The growth of the sugar industry has enhanced resource utilization efficiency through the comprehensive utilization of sugar by-products, promoting green and circular development [3] - Sugar enterprises have provided strong support for local finances, aiding in urban and rural infrastructure construction and regional economic integration [3] Future Development - Guangxi's sugar industry is focusing on technological innovation and brand building, aiming for high-end, intelligent, and green transformation [4] - The industry is integrating with emerging industries through new technologies like digital agriculture and smart manufacturing, contributing to economic prosperity and social progress in ethnic group areas [4]
Adecoagro S.A.(AGRO) - 2025 Q2 - Earnings Call Presentation
2025-08-19 14:00
Financial Highlights - Adecoagro's gross revenues for Q2 2025 were $392 million, a decrease of 1% compared to the same period last year[17] - Gross revenues for 6M25 reached $716 million, an increase of 10% compared to the same period last year[17] - Adjusted EBITDA for Q2 2025 was $55 million, a decrease of 60% compared to the same period last year[17] - Adjusted EBITDA for 6M25 was $91 million, a decrease of 60% compared to the same period last year[17] Segment Performance - Sugar, Ethanol & Energy - Sugar, Ethanol & Energy accounted for 77% of gross revenues in Q2 2025[17] - Sugar production decreased by 15% from 233,881 tons in Q2 2024 to 199,175 tons in Q2 2025[30] - Ethanol production decreased by 21% from 143,401 m3 in Q2 2024 to 98,756 m3 in Q2 2025[31] - Adjusted EBITDA for Sugar, Ethanol & Energy business decreased by 36% from $68,100 thousand in Q2 2024 to $106,886 thousand in Q2 2025[42] Farming Business - 296,057 hectares of Crops + Rice were harvested[52] - Soybean harvested area is 91,802 ha[52] - Raw milk production reached 93 million liters[52] - Farming segment experienced a significant decrease in financial performance, with profits dropping by 97% from $37,792 thousand in Q2 2024 to $1,081 thousand in Q2 2025[55] Capital Allocation - Net debt stood at $699 million[62] - 75% of debt is long term debt[63] - 70% of debt is in USD and 30% in BRL[65] - $45.2 million has been committed to shareholder distribution[71]
Adjusted EBITDA reached $55.4 million in 2Q25. Leveraging on our production and commercial flexibility to mitigate lower global prices across our businesses
Prnewswire· 2025-08-18 20:30
Financial Performance - Adecoagro S.A. reported an Adjusted EBITDA of $68.1 million for the Sugar, Ethanol & Energy business in 2Q25, which is a decrease of 36.3% year-over-year [3] - The Farming business saw an Adjusted EBITDA of $1.1 million in 2Q25, down $36.7 million year-over-year [6] - Overall, Adjusted EBITDA for the company was down 60.5% in 2Q25 compared to the previous year, primarily due to losses in biological assets and higher costs [9] Sales and Production - Gross sales decreased by 1.4% year-over-year in 2Q25, attributed to lower prices for most products, while accumulated sales increased by 9.9% due to higher volumes sold, especially in ethanol [9] - The company achieved record production in its Rice operations, contributing positively to the Farming business [6] Cost and Pricing - The cost of production for the year-to-date was reported at 9.0 cents per pound, an increase from 7.9 cents per pound in the same period last year [5] - There were year-over-year losses in the mark-to-market of biological assets and agricultural produce due to lower prices [7] Debt Management - Adecoagro issued $500 million in Senior Notes due 2032 with a 7.50% coupon, using proceeds to fund a cash tender offer for its Senior Notes due 2027 [8][10] - The company improved its debt maturity profile and financial flexibility through this transaction [10] Shareholder Distribution - As of the report date, Adecoagro committed $45.2 million to shareholder distributions, including $10.2 million for share repurchases and $35.0 million for cash dividends [11]